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You are considering purchasing a call option on a stock with a current price of $31.28. The exercise price is $32.35, and the price of

You are considering purchasing a call option on a stock with a current price of $31.28. The exercise price is $32.35, and the price of the corresponding put option is $3.77. According to the put-call parity theorem, if the risk-free rate of interest is 4.8% and there are 74 days until expiration, what is the value of the call? (Hint: Use 365 days in a year.) Please extend answer to 4 decimal places.

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